FIIs continue to add longs in June Series, says Angel Broking

Maximum concentration of open interest was seen in 9,700 call and 9,400 put option

In a volatile trading session, the benchmark index on Tuesday traded in a tight range of 9,580-9,635 throughout the day and eventually ended on a positive note with the gains of 19 points.  Both Nifty as well as Bank Nifty added some fresh open interest, indicating formation of long positions in today’s session. Some of the heavy-weights like Sun Pharma, GAIL, ACC, ICICI Bank and Hero MotoCorp added long positions, while ITC was the only stock that remained under pressure due to short formation.

In Nifty Options segment, 9,700 and 10,000 call options added some positions. On the other side, good